Government to borrow 8B EGP in T-bills Thursday
CAIRO: The Central Bank of Egypt (CBE) on behalf of the Ministry of Finance will auction 8 billion EGP ($1.02 billion) in treasury bills Thursday, according to the bank’s official website. Egypt’s...
View ArticleArmed men kill 2 policemen in Arish: Interior Min
CAIRO:Unidentified armed men fatally shot two police sergeants in Arish City, in North Sinai, the Ministry of Interior announced on its Facebook page Wednesday. The ministry added that the assailants...
View ArticleWreckage of 10 sunken ships in Alexandria Port removed
CAIRO: A total of 800 tons of wreckage of 10 sunken ships have been removed from the Alexandria Port, Head of Alexandria Ports Authority, Abdul Kadir Darwish told Youm7 Wednesday. The remains of 10...
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Egypt imposes anti-dumping tariff of 54-77% on Chinese blankets
CAIRO: Egypt imposed an anti-dumping tariff on Chinese synthetic fiber blankets of between 54 and 77 percent for five years, Youm7 reported Wednesday. Minister of Trade and Industry Mounir Fakhry Abdel...
View ArticleFrance in talks with Egypt over helicopter carriers: sources
PARIS: France is in talks to sell two Mistral helicopter carriers to Egypt after their sale to Russia was cancelled earlier this month, two sources close to the matter said on Wednesday. Cairo has...
View ArticleTwo Virginia television journalists fatally shot in on-air attack
Two television journalists were shot and killed in Virginia on Wednesday morning while conducting a live television interview, the station said. The incident occurred at about 6:45 a.m. EDT during a...
View ArticleArab defense, foreign ministers to ratify joint Arab force protocol in Cairo
CAIRO: Foreign and defense ministers from Arab states are to meet in the Arab League (AL) headquarters in Cairo Thursday to ratify a draft protocol for a joint-Arab force, Al-Ahram reported. The Arab...
View ArticleRussia plans to increase wheat supplies to Egypt: Putin
MOSCOW: Russia plans to increase wheat supplies to Egypt, Russia’s President Vladimir Putin said on Wednesday. According to Putin, Russia sold 4 million tonnes of grains to Egypt last year, covering 40...
View ArticleEuromoney Egypt expects 1,000 attendees from 20 countries
CAIRO: At least 600 figures from 20 countries from Europe, the Gulf and Russia are scheduled to attend the Euromoney Egypt Conference scheduled Sept. 7-8, Euromoney Conferences’ Middle East Director,...
View ArticleEGX ends in green amid sideways trading, benchmark up 0.5%
CAIRO: The Egyptian Exchange (EGX) shut on a limited rise on Wednesday, amid sideways trading and thin liquidity, reflecting investors’ anticipation of further dips in global market on fears of a...
View ArticleEgypt turns to Russia to combat terrorism
MOSCOW: Russian President Vladimir Putin and Egyptian President Abdel-Fattah el-Sissi on Wednesday called for a coalition to combat terrorism in the Middle East. Opening a meeting with Putin in Moscow,...
View ArticleSentence of engineer charged in collapse of Alexandria bloc commuted
CAIRO: The sentence of an engineer was reduced Wednesday from 10 to five years in prison in the retrial of a 2007 case, where faulty construction led to the death of 36 people in Alexandria. The...
View ArticleSisi meets Jordanian King in Moscow
CAIRO: President Abdel Fatah al-Sisi received Jordanian King Abdullah II at his residence in Moscow Wednesday to discuss regional issues and counter-terrorism efforts, Youm7 reported. On Tuesday, King...
View ArticlePharmacist detained for criticizing Sovaldi
CAIRO: Pharmacist Islam al-Menshawy was detained Monday from his home for posting “false news” about Sovaldi, a U.S. engineered medicine that Egypt subsidizes to treat millions infected with Hepatitis...
View ArticleRussia, Egypt cooperate on Free trade zone, nuclear plant, industrial city
CAIRO: Russian President Vladimir Putin announced Wednesday that his country would cooperate with Cairo to build the first Egyptian nuclear power plant, and to establish a free trade zone, as well as...
View ArticleCabinet gives go ahead for 1st high-speed train
CAIRO: Egypt’s Cabinet has approved the implementation of the country’s first high-speed train project northeast of Cairo, Youm7 reported Wednesday. The new train is planned to pass through Egypt’s new...
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Egyptian javelin thrower wins silver at world championships
CAIRO: Egyptian javelin thrower Ihab Abdel Rahman won Wednesday the silver medal at the 2015 International Association of Athletics Federation (IAAF) World Championships in Beijing. Abdel Rahman, 26,...
View ArticleTimeline: Egypt’s road to nuclear power
CAIRO: Egypt has reached an agreement to build first nuclear power plant for peaceful activities after 54 years of struggle to own a reactor for electricity production. Egypt’s nuclear history 1961-...
View ArticleRussia to sell Egypt 12 Sukhoi Superjets: Putin
CAIRO: Russia seeks to sell Egypt 12 of the Sukhoi Superjet 100 in light of strengthening cooperation between both countries in the aviation field, said Russian President Vladimir Putin Wednesday....
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